Spirit Realty Capital, Inc. Sells Retail Asset At 3924 Summerville Way Chester For $10.3M
3924 Summerville Way
$10,300,000
$85/SF
Building Size
121,048 SF
Asset Type
Retail
Closing
Sep 15, 2022
AI
The property asset involved in the transaction is a retail space located at 3924 Summerville Way in Chester. It spans a total square footage of 121,048. The transaction was concluded for a price of $10,300,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,300,000
- Address: 3924 Summerville Way
- Market: Chester
- Seller: Spirit Realty Capital, Inc.
- Brokers: Raphael David Jajati (Capital Property Partners)
The deal was facilitated by Raphael David Jajati representing Capital Property Partners, who acted on behalf of the buyer or seller in this transaction. The transaction reflects a significant deal within the Chester market, marking a notable activity for the involved parties.
Players
Chester Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93